Economy

Feature stories on the economy.

Wednesday 30th November, 2016
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Despite UN sanctions, China has been reportedly exporting fuel by train from a Dandong military fuel supply centre to North Korea, according to a report by Radio Free Asia. ...

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Thursday 17th January, 2013
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As many countries around the world slide into recession, we may gauge the economic health of a nation by studying changes in consumer spending habits. In a recession, less people go shopping and corre...

Tuesday 15th January, 2013
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A Glimpse into Everyday Life in North Korea through North Korea’s 10 Most Coveted Items Our correspondent Seo Young-seok spent two weeks in the Sino-NK border regions. During his travels, he sur...

Thursday 10th January, 2013
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North Korea and capitalism? ‘Nike’ – a symbol of American capitalism – has come to the streets of North Korea. North Koreans spend a lot of day outdoors, exposed to the sun. Th...

Monday 31st December, 2012
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Business is booming for owners of fishing boats in North Hamgyong Province. This is part of a larger trend for business in North Korea, whereby North Koreans are taking on the task of improving their ...

Thursday 15th November, 2012
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In North Korea, term kotchebi, although officially unrecognized, refers to street children. In the Korean language, kotchebi translates to ‘flower swallow’ and so some say the term refers to the m...

Monday 22nd October, 2012
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In ‘Chosun Shinbo’, the periodical of the The General Association of Korean Residents in Japan, it was recently reported how Kim Jong-un made visits to the homes of workers residing in Cha...

Monday 8th October, 2012
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North Korean defectors face many kinds of conceptual problems in the process of settling into a modern society. One of these, seemingly trivial at first glance, is the notion of offering payment after...

Monday 10th September, 2012
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The DPRK prides itself on its ‘self-sufficiency’. As part of this ideological pursuit of North Korean self-sufficiency, they prohibit the direct use of imported goods. Even the smallest im...

Thursday 6th September, 2012
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Hoeryong is a center for human trafficking in North Korea. The district is in the northernmost part of North Korea and is home to the first ever border-region market that has been officially sanctione...

Monday 27th August, 2012
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In North Korea, leading a comfortable life without an obvious and apparent means of livelihood leaves one vulnerable to prosecution on the grounds of ‘disrupting the ideal Socialist balance of produ...